Citigroup is nearing an agreement to buy back at least $5bn worth of auction-rate securities and pay a $100m fine.
The landmark settlement with regulators could be announced as early as Thursday and pave the way for similar deals by other banks.
Citigroup to settle securities conflict
By Francesco Guerrera and Joanna Chung in New York
Published: August 7 2008 00:39 | Last updated: August 7 2008 00:39
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